The forecasted demand for fish body oil in the US from 2024 to 2028 demonstrates a marginal increase in volume, averaging a growth rate hovering around 0.05% annually. The demand data projects a stable yet slow growth trajectory in the upcoming years. This follows a steady market observed in 2023 where the consumption stood at a similar 20.36 thousand metric tons.
Future trends to watch for include:
- Increased consumer awareness regarding the health benefits of omega-3 fatty acids which may influence demand higher than current forecasts.
- Potential impact of sustainable fishing practices on supply and pricing.
- Regulatory changes around health supplements which could drive or hinder market dynamics.